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Pooling and Servicing Agreement

 

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Title:

Pooling and Servicing Agreement

Entities:

Chase Manhattan Bank; Citibank, NA; Citicorp North America, Inc.; Citicorp USA, Inc.; Salomon Smith Barney Inc.; Stage Stores, Inc.

Date:

2001

Size:

Preview shows 4KB of 289KB total

Price:

$76

ID:

#1118346

 

 

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STAGE RECEIVABLE FUNDING LP

Transferor

SPECIALTY RETAILERS (TX) LP

Servicer

and

BANKERS TRUST COMPANY

Trustee

Stage Stores Master Trust

POOLING AND SERVICING AGREEMENT

Dated as of August 24, 2001

TABLE OF CONTENTS

Page

ARTICLE I

DEFINITIONS

Section 1.1. Definitions 1

Section 1.2. Other Definitional Provisions. 18

ARTICLE II

CONVEYANCE OF RECEIVABLES; ISSUANCE OF CERTIFICATES

Section 2.1. Conveyance of Receivables. 19

Section 2.2. Acceptance by Trustee. 20

Section 2.3. Representations and Warranties of the Transferor 20

Section 2.4. Representations and Warranties of the Transferor Relating to the Receivables; Notice of Breach. 22

Section 2.5. Covenants of the Transferor 27

Section 2.6. Addition of Accounts. 30

Section 2.7. Removal of Accounts. 32

Section 2.8. Trustee May Perform 33

Section 2.9. No Assumption of Liability 33

ARTICLE III

ADMINISTRATION AND SERVICING OF RECEIVABLES

Section 3.1. Acceptance of Appointment and Other Matters Relating to the Servicer. 33

Section 3.2. Servicing Compensation 34

Section 3.3. Representations, Warranties and Covenants of the Servicer 35

Section 3.4. Reports and Records for the Trustee. 37

Section 3.5. Annual Servicer's Certificate 38

Section 3.6. Agreed-Upon Procedures. 38

Section 3.7. Tax Treatment 39

Section 3.8. Notices to the Transferor 39

ARTICLE IV

RIGHTS OF CERTIFICATEHOLDERS AND ALLOCATION AND APPLICATION OF COLLECTIONS

Section 4.1. Rights of Certificateholders 39

Section 4.2. Establishment of Accounts. 40

Section 4.3. Collections and Allocations. 40

ARTICLE V

DISTRIBUTIONS AND REPORTS TO CERTIFICATEHOLDERS

ARTICLE VI

THE CERTIFICATES

Section 6.1. Certificates 44

Section 6.2. Authentication of Certificates 45

Section 6.3. Registration of Transfer and Exchange of Certificates. 45

Section 6.4. Mutilated, Destroyed, or Stolen Certificates 48

Section 6.5. Persons Deemed Owners 48

Section 6.6. Appointment of Paying Agent. 48

Section 6.7. Access to List of Certificateholders' Names and Addresses 49

Section 6.8. Authenticating Agent. 50

Section 6.9. Tender of Exchangeable Transferor Certificate. 51

Section 6.10. Meetings of Certificateholders. 52

Section 6.11. Uncertificated Classes 54

ARTICLE VII

OTHER MATTERS RELATING TO THE TRANSFEROR

Section 7.1. Liability of the Transferor 54

Section 7.2. Merger or Consolidation of, or Assumption of the Obligations of, the Transferor 54

Section 7.3. Limitation on Liability 54

Section 7.4. Indemnification 55

ARTICLE VIII

OTHER MATTERS RELATING TO THE SERVICER

Section 8.1. Liability of the Servicer 57

Section 8.2. Merger or Consolidation of, or Assumption of the Obligations of, the Servicer 57

Section 8.3. Limitation on Liability 58

Section 8.4. Servicer Indemnification of the Trust and the Trustee 58

Section 8.5. The Servicer Not to Resign 59

Section 8.6. Access to Certain Documentation and Information Regarding the Receivables 59

Section 8.7. Delegation of Duties 60

Section 8.8. Examination of Records 60

ARTICLE IX

EARLY AMORTIZATION EVENTS

Section 9.1. Early Amortization Events 60

Section 9.2. Additional Rights Upon the Occurrence of Certain Events. 61

ARTICLE X

SERVICER DEFAULTS

Section 10.1. Servicer Defaults 62

Section 10.2. Trustee to Act; Appointment of Successor. 63

Section 10.3. Notification of Servicer Default and Successor Servicer 65


 

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